8.2 Evening Analysis
Reviewing the afternoon, the large pancake maintained a narrow range fluctuation between 113300-114000, with both sides temporarily locked in a stalemate.
From the hourly Bollinger Bands perspective, the current bag mouth shows a distinct closing pattern, with the distance between the upper and lower bands continuously narrowing. The volatility in the market is on a downward trend.
At the same time, Dian Wei has been operating around the mid-band, neither effectively breaking through the upper band resistance nor probing the lower band support, reflecting that the current forces are relatively balanced, lacking a clear trend direction. Therefore, it is advisable to stick to the strategy of resisting the market.
The large pancake can be placed in the range of 114200-114700 for resistance.
The target can be seen around the range of 113200-112700.
Once reached, it can be reversed to go long.
The second pancake can be placed in the range of 3550-3600 for resistance.
The target can be seen around the range of 3470-3420.
Once reached, it can be reversed to go long.
